Streetbeat News

ACHR

Archer Aviation Inc.

https://www.archer.com

Industry

Aerospace & Defense

Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc. Archer Aviation Inc. was incorporated in 2018 and is headquartered in Palo Alto, California.

Open

3.40

Mkt cap

1.2B

Volume

28M

High

3.65

P/E Ratio

-2.97

52-wk high

7.01

Low

3.35

Div yield

N/A

52-wk low

2.82

Industrial sector stocks are rising after the Federal Reserve's decision to cut interest rates by 50 basis points, which is expected to boost investment and economic growth.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:39 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Archer Aviation (NYSE:ACHR) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:17 pm

Archer Aviation's short interest has decreased by 8.29%, with 60.02 million shares sold short, representing 25.1% of its float. This is higher than its peers' average short interest of 8.28%. The decrease in short interest may indicate a shift in market sentiment.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 7:15 pm

Archer Aviation's CFO, Mark Mesler, is on temporary medical leave, with Priya Gupta stepping in as acting CFO. A court ruling resolved a warrant dispute with Wisk Aero, allowing immediate exercise of second tranche shares and ordering Archer to pay Wisk $11,912.53 in prejudgment interest daily.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:15 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Archer Aviation (NYSE:ACHR) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 2:28 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Archer Aviation (NYSE:ACHR) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 4:43 pm

HC Wainwright & Co. has initiated coverage on Archer Aviation with a Buy rating and set a price target of $12.5.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 10:31 am

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Archer Aviation (NYSE:ACHR) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 4:45 pm

Archer Aviation has delivered its first Midnight aircraft to the U.S. Air Force for evaluation under the AFWERX Agility Prime contract, which is valued at up to $142 million. The delivery follows the U.S. Department of Defense's acceptance of the aircraft's military airworthiness assessment.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:07 pm

Archer Aviation (NYSE: ACHR) and Future Flight Global (FFG) announced a memorandum of understanding for the planned purchase of up to 116 Midnight Aircraft worth up to $580 million. This agreement brings Archer's indicative order book to $6 billion. Despite this positive news, Archer shares are down more than 30% over the past month and are trading below the 50-day moving average of $3.95. Analysts have an average 1-year price target of $9.31 for Archer, with no bearish recommendations.

Portfolio Pulse from Erica Kollmann

August 13, 2024 | 3:54 pm

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